TECO Electric & Machinery Co. Ltd. Announces Consolidated Earnings Results for the Third Quarter and Nine Months of 2016
November 14, 2016 at 03:51 am EST
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TECO Electric & Machinery Co. Ltd. announced consolidated earnings results for the third quarter and nine months of 2016. For the quarter, the company announced operating revenues of TWD 12,003,706,000, net operating profit of TWD 869,750,000, income before income tax of TWD 1,167,851,000, net income of TWD 1,024,650,000, profit attributable to owners of parent of TWD 898,910,000 and primary earnings per share of TWD 0.45
For the nine months, the company announced operating revenues of TWD 36,496,207,000, net operating profit of TWD 3,089,231,000, income before income tax of TWD 3,678,759,000, net income of TWD 3,000,575,000, profit attributable to owners of parent of TWD 2,616,785,000 and primary earnings per share of TWD 1.32.
TECO Electric Machinery Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sale of heavy electricity equipment and electronic control products. The Company operates through two business segments. The Heavy Electrical Equipment segment is engaged in the manufacture and sale of various motors, reducers, inverters and generators. The Home Appliances segment is engaged in the manufacture, installation and sale of various televisions and other video appliances, as well as air conditioners, refrigerators, washing machines and small household appliances. The Company is also engaged in the provision of power engineering services and power equipment, as well as electric vehicle products, fire pumps and other products. The Company operates within the domestic market and to overseas markets, including the Americas, Europe, Australia, Japan, Singapore, Indonesia and mainland China.
TECO ELECTRIC & MACHINERY CO., LTD. 
